Yes you can do a restore with TiBu. It's recommended to not restore data as that can cause some issues and what not.
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Couldn't seem to find the TiBu backups. This is one thing I have noticed, that because of the EMMC it seems as though I can't read certain folders that were on the internal and external sd. Other than that, for a Alpha release, this is amazing!!! I'm having less issues than I did when I first started running CM on my OG! Regardless of the minor things being worked out, I'm using this as my daily driver. Also, Safeboot is wonderful. So easy to move back and forth !